Life is full of changes, and we learn to change with it. Adapting our financial goals is no different.
Principal® Pivot Series (Pivot) can help. It's a lifecycle product that can adapt with your clients through every step of their financial planning journey.
Lives change over time. Financial needs change with them.
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Life is full of changes, and we learn to change with it. Adapting our financial goals is no different.
Principal® Pivot Series (Pivot) can help. It's a lifecycle product that can adapt with your clients through every step of their financial planning journey.
Lives change over time. Financial needs change with them.
Pivot allows clients to personalize their investment strategy, including a plan that’s 100% equities. And because Pivot is a lower-cost annuity, your clients can design a well-balanced portfolio for a total annual cost under 2.00%.
There are no extra fees or taxes just for moving money between subaccounts. Clients have over 80 quality investment funds to choose from and can reallocate at any time with no extra cost.
Money put into Principal® Pivot Series is a tax-deferred investment. It allows clients to avoid paying taxes on their account’s investment gains until they withdraw money, which can have a powerful impact on your client’s investment gains and future income.
Principal® Pivot Series offers both standard and optional enhanced death benefits, none of which require underwriting. Plus, all proceeds pass outside of probate.1
Clients can further personalize a legacy plan by setting up a trust-owned annuity. Both grantor and non-grantor trusts can be utilized with Pivot. And if Pivot is set up with nonqualified money, it can still be used as an inherited IRA stretch, allowing another way to create generational wealth.
A lifecycle product like Principal® Pivot Series allows your client to adapt their investment strategy as their life changes. That includes moving into retirement. Pivot’s Flexible Pension Builder Rider offers a seamless transfer from accumulation to income.
1 As long as estate isn’t the beneficiary.
Copyright 2019 Morningstar, Inc. All rights reserved. Part of the investment data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Tax-qualified retirement arrangements, such as IRAs, SEPs and SIMPLE-IRAs are tax deferred. You derive no additional benefit from the tax-deferral feature of the annuity. Consequently, an annuity should be used to fund an IRA, or other tax-qualified retirement arrangement, to benefit from the annuity's features other than tax deferral. These features may include guaranteed lifetime income, death benefits without surrender charges, guaranteed caps on fees and the ability to transfer among investment options without sales or withdrawal charges.
For financial professional use only. Not for distribution to the public.
Guarantees are based on the claims-paying ability of Principal Life Insurance Company.
The Principal Pivot Series Variable Annuity is issued by Principal Life Insurance Company and distributed by Principal Securities, Inc, 800-852-4450, member SIPC and/or independent broker/dealers. Securities offered by a Principal Securities, Inc. Registered Representative are offered through Principal Securities, Inc. Principal Life and Principal Securities, Inc. are members of the Principal Financial Group, Des Moines, Iowa 50392.
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